Garage Condo with
E1-341 1st St Mead, CO 80542
For Sale
$397,000
Includes mezzanine space and an oversized 14' x 14' garage door with opener.
Property Size1,690 SF
Price / SF$234.91
Days on Market60
Property Features for E1-341 1st St
General Information
Standard status
Active
Size
1,690 SF
Listing Agency:
RE/MAX Nexus
(970) 295-4760
Listed By:
Abby Renner · License #40029855
(970) 295-4760
Source:
Exprealty
Added: May 31
Changed: Jul 28
Last Checked: Jul 28 at 9:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Nexus
Investment Insights
Based on property information with market context.
This is a one-of-a-kind garage condo in The Ultimate Garage Club’s “Sledgehammer” model. The unit offers a 1,300 SF main garage area plus a 390 SF mezzanine, built with durable epoxy floors and high-bay lighting. It also includes radiant heat and fully insulated construction for year-round comfort, along with a large ceiling fan. A 1/2 bathroom supports flexible use, and the mezzanine features laminate flooring for added versatility. Electrical service is provided with 220V / 100-amp.
The community is fully secure with a fenced setup, and owners have access to on-site amenities including a fresh water station, dump station, and car wash. HOA services cover building insurance, road maintenance, and snow removal. The property is located in Mead, CO, about 1 mile west of I-25 for convenient commuter access.
The community is fully secure with a fenced setup, and owners have access to on-site amenities including a fresh water station, dump station, and car wash. HOA services cover building insurance, road maintenance, and snow removal. The property is located in Mead, CO, about 1 mile west of I-25 for convenient commuter access.
Key Highlights
- Sledgehammer model garage condo with 1,300 SF main space plus a 390 SF mezzanine
- Oversized 14' x 14' garage door with opener
- Durable epoxy floors, high‑bay lighting, radiant heat, and a super‑sized ceiling fan
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.1k | $14.28 |
| − Vacancy | −$2.0k | −$1.16 |
| EGI | $22.2k | $13.12 |
| − OpEx | −$3.3k | −$1.97 |
| NOI | $18.9k | $11.15 |
1,690 SF · lease $14.28/SF/yr · vacancy 8.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$269.3K
$235.7K – $314.2K
NOI $18,852 @ 7.0% cap · market cap 4.75%
Second Best
Industrial
$215.3K
$188.4K – $251.1K
NOI $15,068 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office B
$308.0K
$269.5K – $359.3K
NOI $21,560 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Self storage facility - Includes mezzanine space and an oversized 14' x 14' garage door with opener.
Where is this self storage facility located?
The property is located at E1-341 1st St Mead, CO.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Sledgehammer model garage condo with 1,300 SF main space plus a 390 SF mezzanine; Oversized 14' x 14' garage door with opener; Durable epoxy floors, high‑bay lighting, radiant heat, and a super‑sized ceiling fan
